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RBA Glossary definition for inflation target

inflation target – A tool to guide monetary policy expressed as a preferred range or figure for the rate of increase in prices over a period. In Australia, the inflation target is between 2 and 3 per cent per annum on average over the course of the business cycle.

RBA Glossary definition for inflation

inflation – A measure of the change (increase) in the general level of prices.

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Reserve Bank of Australia Annual Report – 2012

10 Sep 2012 Annual Report
For almost 20 years, this general mandate has found concrete expression in the form of a medium-term inflation target of 2–3 per cent, on average, over the business cycle. ... Bulletin. , which in 2011/12 covered a range of topics, including the terms
https://www.rba.gov.au/publications/annual-reports/rba/2012/

Annual Performance Statement for 2019/20

12 Apr 2020 RBA Annual Report – 2020
Flexible medium-term inflation target to achieve consumer price inflation of between 2 and 3 per cent, on average, over time. ... Achieving the inflation target preserves the value of money and facilitates strong and sustainable growth in the economy
https://www.rba.gov.au/publications/annual-reports/rba/2020/annual-performance-statement.html

Annual Performance Statement for 2017/18

20 Sep 2018 RBA Annual Report – 2018
a). Performance objectives. Summary Performance Measures. Results. Monetary policy. Achieve inflation target. ... the time, were consistent with achieving the inflation target of between 2 and 3 per cent, on average, over time to foster sustainable
https://www.rba.gov.au/publications/annual-reports/rba/2018/annual-performance-statement.html

Reserve Bank of Australia Annual Report 2011 - Functions and Objectives of the Reserve Bank

19 Sep 2011 RBA Annual Report 2011 PDF 72KB
https://www.rba.gov.au/publications/annual-reports/rba/2011/pdf/functions.pdf

Reserve Bank of Australia Annual Report 2018 - Our Role

10 Feb 2020 RBA Annual Report 2018 PDF 801KB
https://www.rba.gov.au/publications/annual-reports/rba/2018/pdf/our-role.pdf

Annual Performance Statement for 2016/17

25 Sep 2017 RBA Annual Report – 2017
a). Summary Performance Measures. Results. Monetary policy. Achieve inflation target. Consumer price inflation maintained between 2–3 per cent, on average, over the medium term. ... the time, were consistent with achieving the inflation target of
https://www.rba.gov.au/publications/annual-reports/rba/2017/annual-performance-statement.html

The Economy and Monetary Policy | Reserve Bank of Australia Annual Report - 1996

31 Dec 1996 Annual Report
It avoids conveying the impression, as a narrow “hard-edged” target might, that inflation can be controlled within bounds that central banks cannot realistically achieve. ... Even occasional failure to achieve a hard-edged inflation target runs the
https://www.rba.gov.au/publications/annual-reports/rba/1996/economy-monetary.html

Reserve Bank of Australia Annual Report – 2014

12 Sep 2014 Annual Report
Since the early 1990s, this general mandate has found practical expression in a flexible, medium-term inflation target of 2-3 per cent, on average, over the business cycle. ... The Bank remains committed to improving the environmental performance of its
https://www.rba.gov.au/publications/annual-reports/rba/2014/

Governor's Foreword

21 Oct 2021 RBA Annual Report – 2021
Inflation has been below target for a number of years and the unemployment rate is still too high. ... The Reserve Bank Board remains committed to achieving the inflation target and doing what it can to return Australia to full employment.
https://www.rba.gov.au/publications/annual-reports/rba/2021/governors-foreword.html

Functions and Objectives of the Reserve Bank

10 Sep 2012 RBA Annual Report – 2012
the economic prosperity and welfare of the people of Australia. For almost 20 years now, this general mandate has found concrete expression in the form of a medium-term inflation target. ... Monetary policy aims to keep the rate of consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2012/functions.html